Ballot Prop. 2022: 2 Millionaire’s Tax

What is happening? California’s Proposition 30 would tax annual income over $2 million. Additional income would be taxed at 1.75%, generating , up to $5 billion a year.

Why does this matter? The proposition dedicates 80% of this tax revenue to electric vehicles and charging stations, with the remainder devoted to fighting wildfires. Lyft has spent $45Million supporting this measure.

Governing | Spending on Gambling, Health and Tax Measures Breaks Records